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Business Developments & Projects

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Illustration (Courtesy of The University of Plymouth)
Business Developments & Projects

Wave power can play significant role in UK’s net-zero energy drive, study finds

A new study by the University of Plymouth has positioned the UK at the forefront of offshore renewable energy innovation and development worldwide, finding also that wave energy could have a greater role in the country’s transition to net-zero future. Wave energy has the potential to provide at leas

about 5 years ago
Snam inks hydrogen MoU with Mubadala
Business Developments & Projects

Snam inks hydrogen MoU with Mubadala

Italian energy infrastructure operator Snam has signed a memorandum of understanding with Mubadala Investment Company to collaborate on joint investment and development initiatives on hydrogen.

about 5 years ago
Illustration/CETO 6 (Courtesy of Carnegie Clean Energy)
Business Developments & Projects

Carnegie reaches debt-free status

Renewable energy company Carnegie Clean Energy has become debt-free following the conversion of the remaining convertible notes.

about 5 years ago
Corvus Energy puts forward leasing for energy storage systems
Business Developments & Projects

Corvus puts forward leasing for energy storage systems

Norway-based energy storage company Corvus Energy is now offering a global lease financing product in cooperation with Viridis Kapital to accelerate shipping’s green transition.

about 5 years ago
Wilhelmsen
Business Developments & Projects

Norwegian maritime player Wilhelmsen shifts focus to renewables

Norwegian maritime industry group has embarked on a major organisation redesign project in an effort to increase focus on renewable energy and decarbonisation.

about 5 years ago
Equinor's Hywind Scotland floating wind farm
Business Developments & Projects

ScotWind offshore wind leasing back on track

Crown Estate Scotland has completed the review of the option structure for the ScotWind offshore wind leasing round, raising the maximum fee that might be paid per square kilometre of seabed from the previous GBP 10,000 (around € 12,000) to GBP 100,000 (around € 116,000). The Scottish seabed manager

about 5 years ago
Total to supply LNG to MSC Cruises' liners in Marseille
Business Developments & Projects

Total to supply LNG to MSC Cruises’ liners in Marseille

French major Total and MSC Cruises put pen to paper on a supply deal for the latter’s upcoming LNG-powered cruise ships to make calls in the port of Marseille.

about 5 years ago
A Shelf Drilling rig
Business Developments & Projects

Shelf Drilling clinches two-year extension in Egypt

Offshore drilling contractor Shelf Drilling has secured a contract extension for one of its jack-up drilling rigs for operations in Egypt.

about 5 years ago
Petronas' second FLNG unit ships first cargo
Business Developments & Projects

Petronas’ second FLNG unit ships first cargo

Malaysian energy giant Petronas has hit a milestone with the first LNG cargo delivery from its second FLNG facility, PFLNG Dua, on Wednesday, March 24.

about 5 years ago
Floatel International
Business Developments & Projects

Floatel completes restructuring, cuts debt by $610 million

Offshore accommodation services provider Floatel International has completed its comprehensive balance sheet restructuring.

about 5 years ago
RWE greenlights £ 3 billion Sofia offshore wind farm
Business Developments & Projects

RWE greenlights £ 3 billion Sofia offshore wind farm

RWE has taken the financial investment decision on the 1.4 GW Sofia offshore wind farm project in the UK. The 100 per cent RWE-owned project represents a total investment of approximately £ 3 billion (€ 3.48 billion). The company is now poised to forge ahead with the construction of Sofia, with onsh

about 5 years ago
ICE launches two Spark Commodities' based LNG freight futures contracts
Business Developments & Projects

ICE launches two Spark Commodities’ based LNG freight futures contracts

Intercontinental Exchange said that the LNG freight futures contracts based on Spark Commodities’ price assessments which launched on March 22, traded on the first day.

about 5 years ago
Novatek expands LNG feedgas acreage
Business Developments & Projects

Novatek expands LNG feedgas acreage

Russia’s largest independent natural gas producer and LNG operator Novatek has secured a geological survey, exploration and production license for the North-Gydanskiy arctic block.

about 5 years ago
Total resumes Mozambique LNG work
Business Developments & Projects

Total resumes Mozambique LNG work

The Total-led Mozambique LNG project will progressively resume construction activities at the Afungi site.

about 5 years ago
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